Sentgraf Enterprises Ltd. Buys 5,000 Shares of ATCO Ltd. (TSE:ACO.X) Stock

ATCO Ltd. (TSE:ACO.X) insider Sentgraf Enterprises Ltd. acquired 5,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of C$49.25 per share, with a total value of C$246,250.00.

Sentgraf Enterprises Ltd. also recently made the following trade(s):

• On Friday, December 6th, Sentgraf Enterprises Ltd. purchased 7,400 shares of ATCO stock. The shares were acquired at an average cost of C$49.00 per share, with a total value of C$362,600.00.
• On Friday, September 27th, Sentgraf Enterprises Ltd. acquired 1,000 shares of ATCO stock. The stock was bought at an average cost of C$48.50 per share, for a total transaction of C$48,500.00.
• On Wednesday, September 25th, Sentgraf Enterprises Ltd. bought 10,000 shares of ATCO stock. The stock was bought at an average cost of C$47.50 per share, with a total value of C$475,000.00.
• On Monday, September 23rd, Sentgraf Enterprises Ltd. purchased 1,000 shares of ATCO stock. The shares were bought at an average cost of C$45.65 per share, for a total transaction of C$45,650.00.

ATCO Stock Up 0.8 %

TSE ACO.X traded up C$0.40 during trading hours on Tuesday, reaching C$48.90. 135,993 shares of the company traded hands, compared to its average volume of 194,705. The stock has a market capitalization of C$4.88 billion, a PE ratio of 14.30, a PEG ratio of 3.80 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. ATCO Ltd. has a 12 month low of C$35.56 and a 12 month high of C$50.67. The company has a 50 day moving average of C$48.25 and a two-hundred day moving average of C$44.03.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ACO.X shares. National Bankshares lifted their price objective on shares of ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Royal Bank of Canada raised their price target on shares of ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. BMO Capital Markets boosted their price objective on shares of ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Scotiabank raised their target price on ATCO from C$45.00 to C$49.00 in a research note on Friday, November 15th. Finally, CIBC cut their price target on ATCO from C$59.00 to C$58.00 in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$51.10.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.